Switch your home loan to UnionBank and enjoy a 7.00% fixed rate with one of the Philippines' most advanced digital banking platforms — all arranged for free through Nook.
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Why this matters
If you're currently paying a 9.00% interest rate on your home loan, you're likely leaving tens of thousands of pesos on the table every year. UnionBank offers a competitive 7.00% fixed rate for home loan refinancing — and switching could reduce your monthly amortisation significantly on a ₱3,000,000 loan over a 20-year term. Beyond the savings, UnionBank stands out for its fully digital loan management platform, letting you monitor your balance, make payments, and track your account 24/7 from your phone. You can learn more about what to prepare before applying by reading the UnionBank housing loan requirements and application guide.
Refinancing with UnionBank through Nook is straightforward. UnionBank accepts a wide range of borrower profiles — including employees in the private sector, government workers, BPO professionals, OFWs, seafarers, and self-employed individuals — with a minimum monthly income requirement of just ₱30,000 and a maximum debt-to-income ratio of 50%. Loan purposes covered include ready-for-occupancy properties, reselling, renovation, home equity, and even new construction. This flexibility makes UnionBank one of the most accessible refinancing destinations for Filipino homeowners in 2026.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. We compare multiple lender options on your behalf, handle the paperwork coordination, and guide you through every step of the refinancing process — so you get the best outcome without paying broker fees. For a full breakdown of UnionBank's current rates and eligibility criteria, visit our UnionBank housing loan rates and requirements guide. Note that interest rates are subject to change; always verify the latest rates directly with UnionBank or through Nook before submitting your application.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
UnionBank currently offers a 7.00% per annum fixed rate for home loan refinancing, applicable to both standard refinancing and home equity loans. This rate is competitive relative to the 8–10% rates many Filipino homeowners are currently paying. Always confirm the latest rate with UnionBank or through Nook, as rates are subject to change.
UnionBank accepts borrowers from a wide range of employment categories, including private sector employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. You'll need a minimum monthly income of ₱30,000 and a total debt-to-income ratio of no more than 50%. Philippine citizenship and a property with a clean title are also standard requirements.
On a ₱3,000,000 loan with 20 years remaining, switching from a 9.00% rate to UnionBank's 7.00% rate could save you over ₱3,700 per month — that's more than ₱44,000 per year and close to ₱672,000 over the life of the loan. Your actual savings will depend on your outstanding balance, remaining term, and current interest rate.
No — Nook's mortgage brokering service is completely free to borrowers. Nook earns a referral fee from the bank upon successful loan disbursement, so you receive full broker support, rate comparison, and application assistance at zero cost. Standard bank processing fees and notarial costs may still apply on the lender side.
UnionBank is widely recognised as one of the Philippines' most digitally advanced banks, offering a robust mobile and online platform for loan management, payment scheduling, and account monitoring. Combined with a competitive 7.00% fixed rate and broad borrower eligibility, it's a strong choice for homeowners who value both savings and a seamless digital experience. Nook can help you determine if UnionBank is the right fit based on your specific financial profile.
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